The US is gambling with its role as the world’s invest ment hub Financial Times UK27 Aug 2026Robert Arm strong robert.arm strong@ft.com When we talk about Amer ican fin an cial hege mony, we almost always talk about theUS dol lar. The resi li ence of the dol lar sys tem is the sub ject of con tinu ous spec u la -tion. But there is a bet ter way to frame the issue: the US's role as the world's indis -pens able invest ment des tin a tion. The world's sav ings are pulled to the US as if byeco nomic grav ity, crowding into Amer ican stocks and bonds and provid ing its eco -nomy with a key sup port. If the grav ity should weaken, the con sequences would be large. The pil lars oftoday's US eco nomy — con sumer spend ing and AI invest ment — are wired into thestock mar ket. Con sump tion is boos ted by the “wealth effect” of plump retire mentaccounts. The data centre boom can only rip along while “hyper scaler” stock pricesgive assent. And it hardly needs to be said that weak...
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I limiti del multiculturalismo Ascolta l'articolo 5 min i new E se fosse arrivato il momento di smetterla di parlare di multiculturalismo? Se fosse arrivato il momento di guardare in faccia la realtà e di parlare di queste cose con sobrio e umano realismo, attenti, attentissimi ai principi, come dobbiamo essere, ma anche alla lezione della storia e dei fatti che sono sotto i nostri occhi (tra cui quello, decisivo, dell’immigrazione afroasiatica verso i Paesi europei)? Per ragioni storiche è normale che nelle nostre società il discorso pubblico sia prodotto, indirizzato e gestito dall’élite politico-intellettuale. È dunque questa élite politico-intellettuale — in grande maggioranza di sentimenti progressisti — che negli ultimi tre quattro decenni ha sostanzialmente determinato l’orientamento ideologico del discorso pubblico occidentale in un senso così favorevole al multiculturalismo e di conseguenza, sia pure con qualche sporadica riserva, anche all’immigrazione in quanto tale. L...
1/2 La ricerca di Mario Platero Intelligenza artificiale e farmaci combinati L’approccio biologico per trattare i tumori Studio della Columbia University: un italiano alla guida Coordinatore Andrea Califano, laureato in Fisica a Firenze, insegna alla Columbia University, è co-fondatore di DarwinHealth e presidente di Biohub New York NEW YORK Un a ricerca che sarà pubblicata qu esta mattina su Nature Genetics da un gruppo di 28 scienziati della Columbia University e di alcune altre istituzioni universitarie, guidati da un italiano, aprirà nuove rivoluzionarie frontiere negli studi e nelle sperimentazioni per la cura del cancro. La novità sta nello spostare l’attenzione dalle terapie mirate a un approccio biologico «quantistico» utilizzando risorse multidisciplinari inclusa l’Intelligenza artificiale. L’attenzione pratica in questa fase si rivolge in particolare al cancro al pancreas e al glioblastoma fra i tumori più aggressivi e generalmente inguaribili....
Investors risk billions trying to ‘buy the dip’ in chip rout Lever aged single-stock ETFs continue to attract net inflows despite plunging during sell-off Financial Times Europe26 Aug 2026EMILY HERBERT AND STEVE JOHNSON Addi tional report ing by Ram say Hodg son Investors poured bil lions of dol lars into risky lever aged funds track ing semi con -ductor com pan ies dur ing July and August, even as those products suffered heavylosses, as they tried to pos i tion for a pos sible rebound in the sec tor. The biggest lever aged exchange traded fund track ing chip stocks — called Direx ionDaily Semi con ductor Bull 3X Shares — attrac ted almost $7bn of net inflows dur ingJuly and the first two weeks of August, accord ing to Morn ing star data. The ETF offers triple-lever aged expos ure to the NYSE Semi con ductor Index, a groupof 30 US chip com pan ies. While the index fell more than 20 per cent from its peak,the fund plunged 70 per cent between its June peak and sub sequent low. Single-s...
The drip-drip US debt crisis Financial Times Europe26 Aug 2026Chris Giles chris.giles@ft.com Make no mis take, the US is suf fer ing a debt crisis. It is, of course, not an acute emer -gency like Argen tina’s mul tiple defaults this cen tury or Greece’s woes in the 2010s,but it has the char ac ter ist ics of a chronic dis aster that every one can see com ing butthe admin is tra tion never does enough to avoid. The most rel ev ant meas ure of US fed eral gov ern ment debt, that held by the pub lic,has risen from $3.4tn in 2000 to $32.3tn now, or a rise from 33.7 per cent to morethan 100 per cent of GDP in just over 25 years. More import antly, the bur den of ser -vi cing that debt has doubled, from 11 per cent of tax rev en ues in 2000 to 21.5 percent in the first 10 months of the cur rent fiscal year. Because long-term bor row ingcosts are high, the US Treas ury is increas inglyfin an cing the debt with short-termbor row ing and the pres id ent is again pres sur ing the Fed eral Res...
The risks of data centres Wall Street players that have extended themselves to finance this colossal new asset class are now looking to limit their exposure, as insurers’ wariness threatens to create a drag on Big Tech’s ambitions. Financial Times Europe26 Aug 2026By Michelle Chan, Martha Muir, Rafe Ros ner-Uddin and Lee Har ris Addi tional report ing by Eric Platt in New York. Data visu al isa tionby Eva Xiao The AI revolu tion may change the world, but it comes with a 13-fig ure price tag. By2030, tech com pan ies are expec ted to pour $7tn into data centres — enough moneyto feed every per son in China for three years. So great are the sums involved that even Big Tech groups with tens of bil lions ofdol lars in cash need to fund the infra struc ture with debt. This is present ing major lenders with a com plex set of cal cu la tions as they stretchthem selves to fin ance and under write an entirely novel asset class. The pos sible returns are enorm ous, con vin cing some of the world...
Tell us who shaped anti-Muslim definition It’s highly concerning if government is concealing the involvement of extremist Islamist groups Melanie Phillips, @melanielatest Melanie Phillips When a government department starts shredding the evidence behind its decisions, it’s a fair bet that it has something to hide from the public. In March, the government introduced a non-statutory definition of “anti-Muslim hostility” as a way of weaponising the charge of “Islamophobia” without being seen to do so. Islamophobia is a term introduced by the Islamists of the Muslim Brotherhood to silence all criticism of Islam or the Muslim world under the guise of outlawing prejudice. The government set up a working group which invited people to make submissions aimed at defining Islamophobia. This provoked horror from critics who claimed it would create a blasphemy law by the back door for Islam. The group eventually scrapped the term “Islamophobia” in favour of “anti-Muslim hostility” in an effor...